JPMorgan Chase & Co. Sells 14,199 Shares of AudioEye, Inc. (NASDAQ:AEYE)

JPMorgan Chase & Co. lowered its holdings in shares of AudioEye, Inc. (NASDAQ:AEYE - Free Report) by 81.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,144 shares of the company's stock after selling 14,199 shares during the quarter. JPMorgan Chase & Co.'s holdings in AudioEye were worth $72,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in AEYE. Summit Partners Public Asset Management LLC increased its stake in shares of AudioEye by 24.5% in the third quarter. Summit Partners Public Asset Management LLC now owns 515,279 shares of the company's stock worth $11,774,000 after purchasing an additional 101,302 shares in the last quarter. Barclays PLC boosted its holdings in AudioEye by 37.7% in the 3rd quarter. Barclays PLC now owns 10,181 shares of the company's stock worth $233,000 after buying an additional 2,788 shares during the period. Franklin Resources Inc. purchased a new stake in AudioEye in the 3rd quarter worth $363,000. BNP Paribas Financial Markets raised its holdings in AudioEye by 345.4% during the third quarter. BNP Paribas Financial Markets now owns 11,202 shares of the company's stock valued at $256,000 after acquiring an additional 8,687 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of AudioEye by 202.5% in the second quarter. Renaissance Technologies LLC now owns 60,500 shares of the company's stock valued at $1,065,000 after acquiring an additional 40,500 shares in the last quarter. Institutional investors own 51.11% of the company's stock.

Insiders Place Their Bets

In other news, CFO Kelly Georgevich sold 10,000 shares of AudioEye stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $29.00, for a total value of $290,000.00. Following the completion of the transaction, the chief financial officer now owns 88,981 shares in the company, valued at approximately $2,580,449. The trade was a 10.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Moradi sold 14,061 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $26.14, for a total value of $367,554.54. Following the sale, the chief executive officer now owns 2,764,290 shares in the company, valued at $72,258,540.60. The trade was a 0.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,342,859 shares of company stock valued at $32,684,480 over the last ninety days. 40.70% of the stock is owned by insiders.

AudioEye Price Performance

Shares of NASDAQ AEYE traded down $0.53 during mid-day trading on Friday, hitting $18.92. 111,884 shares of the company's stock traded hands, compared to its average volume of 188,287. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.84 and a quick ratio of 0.84. AudioEye, Inc. has a 1 year low of $4.52 and a 1 year high of $34.85. The company's 50-day moving average is $17.95 and its two-hundred day moving average is $21.61. The company has a market capitalization of $230.41 million, a P/E ratio of -70.07, a PEG ratio of 2.53 and a beta of 1.14.

Wall Street Analysts Forecast Growth

AEYE has been the topic of several recent analyst reports. Roth Mkm reiterated a "buy" rating and set a $35.00 price objective (up previously from $25.00) on shares of AudioEye in a research report on Friday, November 8th. Needham & Company LLC reissued a "buy" rating and set a $25.00 price objective on shares of AudioEye in a report on Tuesday, January 21st. Finally, HC Wainwright lifted their target price on AudioEye from $28.00 to $37.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, AudioEye presently has an average rating of "Buy" and an average price target of $29.10.

AudioEye Profile

AudioEye, Inc provides patented, internet content publication, distribution software, and related services to Internet and other media to people regardless of their device, location, or disabilities in the United States. Its software and services enable conversion of digital content into accessible formats and allows for real time distribution to end users on any Internet connected device.